Infinia From ₹1 Cr FD to Infinia CC: The Upgrade !!

[Finchamp!]

Yes my accounr was under Imperia for last 1 year

Please check DM.

 

[m4b]

Can you lend me for 50 days?

👉👈

 

[kuchbhikuchbhi is verified member.]

Can you lend me for 50 days?

👉👈

Byaj dena hoga sirji

 

[Finchamp!]

Yes my accounr was under Imperia for last 1 year

How soon after opening your HDFC savings account did you make the FD? Do they force you to keep the account alive for a whole year first?

P.S. I despise HDFC banking — just plotting my great escape the moment Infinia lands in my wallet (if it lands, that is 😅)!

 

[Dragon_slayer]

What made you decide to park 1 Cr in FD, just for a Credit card? Were you keeping that amount in savings account already?

 

[Hackmebro]

How soon after opening your HDFC savings account did you make the FD? Do they force you to keep the account alive for a whole year first?

P.S. I despise HDFC banking — just plotting my great escape the moment Infinia lands in my wallet (if it lands, that is 😅)!

As per new banking relationship value, you can open a new bank account, hand them over 1 Cr cheque - they will directly open your Imperia account. Ask them to make FD - post 90 days branch guys can apply Infinia for you. - no questions asked.

I was waiting for my 90 days to end, fast forward 50th day - I could see pre approved Infinia offer and applied for it. No docs, nothing.

 

[Hackmebro]

What made you decide to park 1 Cr in FD, just for a Credit card? Were you keeping that amount in savings account already?

For Infinia, yes.
Yes.

 

[iamdhamo]

Is it paid or Ltf?

 

[Hackmebro]

Is it paid or Ltf?

Unsecured, and paid.
Not LTF

 

[hender]

No, I opened FD and they told me they will manually apply for Infinia post 90 days. Cut short to 50 days, I got it in pre approved offers with 10L Limit and 1500
Amazon voucher.

FD is done before 31 March ?

UPDATE:
Application is approved and I can see Infinia credit card issued in portal.

View attachment 100513

Congratulations 🎉 🎉

Once you got the offer, did you still have to give payslips and all? I do not have any banking relationship with HDFC right now..I also do not have the salary slip to fulfil Infinia's eligibility criteria. However, I can open a 1 Cr FD for 2-3 months. Do I have any chances for Infinia? Should I go for it?

You have FULL chances.

Your's FD is created via IB/MB/Whatsapp or through Branch ?👇

As per new banking relationship value, you can open a new bank account, hand them over 1 Cr cheque - they will directly open your Imperia account. Ask them to make FD - post 90 days branch guys can apply Infinia for you. - no questions asked.

I was waiting for my 90 days to end, fast forward 50th day - I could see pre approved Infinia offer and applied for it. No docs, nothing

 

[sunit123]

If you are taking FD route it means your spends are not much so infinia will be just a ego booster without any practical use.

This forum create a fomo that your life is incomplete without infinia.

 

[sunit123]

Now you have joined a rat race to spend 10 lakh p.a. to waive off renewal fees else renewal fees will make this card worthless

 

[Finchamp!]

If you are taking FD route it means your spends are not much so infinia will be just a ego booster without any practical use.

This forum create a fomo that your life is incomplete without infinia.

What is this inference? Please explain.

 

[Finchamp!]

Now you have joined a rat race to spend 10 lakh p.a. to waive off renewal fees else renewal fees will make this card worthless

I am sure no one would unnecessarily increase their spends for fee waiver. Even if one does not meet the fee waiver criteria, Infinia gives points equivalent to the annual fee. Koi itni tension nahi lega!

 

[sunit123]

What is this inference? Please explain.

Credit card should be need based....If i spend more than 10 lakh, it makes sense to have infinia...Collecting a credit card just for status symbol or to boost ego is fatal for personal finance.

 

[sunit123]

I am sure no one would unnecessarily increase their spends for fee waiver. Chill out!

Check the large no of posts/comments on forum..How to spend 50k to waive pinnacle fees....How to spend for waiver of renewal fees....

Check following article...Many of the forum members heading towards this downfall and ego is main reason

'EMIs, ego, and ₹10 lakh car': Data scientist says India's middle class is fueling its own downfall - BusinessToday

India’s credit card debt has ballooned to ₹2.92 lakh crore in just four years. Personal loans have surged by 75%. But Gosar argues that no one was coerced. “Banks didn’t trap us,” he writes. “They offered the rope. We tied the knots.”

www.businesstoday.in

 

[Hackmebro]

FD is done before 31 March ?

Congratulations 🎉 🎉

You have FULL chances.

Your's FD is created via IB/MB/Whatsapp or through Branch ?👇

FD created on 17th April.
It was done thru BM using some form

 

[Finchamp!]

Credit card should be need based....If i spend more than 10 lakh, it makes sense to have infinia...Collecting a credit card just for status symbol or to boost ego is fatal for personal finance.

Yeh toh sahi hai..my question was on your inference..what makes you think that someone who is going the FD route, does not have 10L spends on his existing card?

 

[sunit123]

Yeh toh sahi hai..my question was on your inference..what makes you think that someone who is going the FD route, does not have 10L spends on his existing card?

If someone is spending 10 lakh, he will by default get upgrade offer for infinia.

 

[Hackmebro]

Check the large no of posts/comments on forum..How to spend 50k to waive pinnacle fees....How to spend for waiver of renewal fees....

Check following article...Many of the forum members heading towards this downfall and ego is main reason

'EMIs, ego, and ₹10 lakh car': Data scientist says India's middle class is fueling its own downfall - BusinessToday

India’s credit card debt has ballooned to ₹2.92 lakh crore in just four years. Personal loans have surged by 75%. But Gosar argues that no one was coerced. “Banks didn’t trap us,” he writes. “They offered the rope. We tied the knots.”

www.businesstoday.in

My spending varies from 25- 30 L annually.

It is bold to assume that someone with 1 Cr in FD lives with EMIs on cards. Also, like Finchamp said, I do not mind paying just the GST component in the name of fees. Sure enough, it increases prestige, but I do have a genuine use case with Infinia where I’ll be saving. It was a calculated move before opening an FD.